A unit of LG Electronics, the South Korean-based multinational giant with a major wireless handset business, and other Asian manufacturers agreed to pay $585 million in fines and plead guilty in connection with the Department of Justice and FBI’s...

// VerAlltel? Allizon? Veritel? to become largest carrier in North America The FCC has approved Verizon’s $28 billion purchase of Alltel, provided they honor Alltel’s existing roaming agreements for the next 4 years. The Department of Justice also asked that Verizon divest itself of 22 states to maintain the competitive landscape in about 100 local markets.

Verizon announced its intention to purchase Alltel this summer and now they finally can. The Department of Justice has approved the transaction last week and the FCC has just approved it too. Verizon will pay $5.9 billion and it will assume Alltel’s debt of $22.2 billion. That’s a $28.1 billion deal, but who’s counting? Besides the

WASHINGTON, D.C.--After a long delayed Election Day meeting, the FCC approved Verizon Wireless's $28.1 billion acquisition of Alltel, making it the largest wireless carrier in the U.S., with a combined 83.8 million subscribers. The U.S. Department of Justice approved  the acquisition last week on the condition that Verizon divest 100 markets in 22 states where the companies overlapp...

Verizon Wireless must be jumping with joy as finally the Department of Justice has given its approval for Verizon’s $28 billion deal to purchase Alltel Communications subject to required divestitures of wireless assets in 100 markets and across 22 states. Assistant attorney general in charge of the antitrust division, Thomas Barnett, said: “The divestitures required are

The first of two major hurdles on the road to Verizon’s acquisition of US wireless carrier Alltel has just been cleared with the help of the US Department of Justice (DoJ). The DoJ’s green-light put Verizon one step closer to becoming the nation’s largest wireless carrier. Verizon is currently holding the No. 2 sport among US

It was doubtful from the start that the Verizon-Alltel merger would be blocked by regulatory bodies. Yet, it is still significant to note that the Department of Justice has signed off on the deal. Of course, this is not without qualification. The two companies overlap in 100 markets across 22 states, and will have to

Yesterday the DoJ approved the merger of Verizon Wireless and Alltel, provided Verizon dumps 100 of its markets in 22 states to cover any anti-trust issues. Read the full story here.

The U.S. Department of Justice has approved Verizon's proposed $28.1 billion acquisition of Alltel that the FCC is set to vote on on Nov. 4. Antitrust regulators at the Justice Department gave their assent to the deal--which, if approved, will create the nation's largest wireless operator--on the condition that Verizon divest 100 markets in 22 states where the two carriers now ...

The US Department of Justice said today that Verizon will have to divest assets in 100 areas covering 22 different states as a precondition to acquiring Alltel Wireless